Stericycle (NASDAQ:SRCL) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Stericycle (NASDAQ:SRCL) in a report published on Saturday. The firm issued a hold rating on the business services provider’s stock.

Stericycle Stock Up 0.2 %

SRCL stock opened at $60.96 on Friday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 0.55. The firm has a 50-day moving average of $60.39 and a two-hundred day moving average of $56.12. Stericycle has a 12 month low of $37.78 and a 12 month high of $61.77. The company has a market cap of $5.66 billion, a price-to-earnings ratio of 160.42, a PEG ratio of 3.32 and a beta of 1.11.

Stericycle (NASDAQ:SRCL) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.57 by $0.04. The firm had revenue of $661.60 million for the quarter, compared to the consensus estimate of $672.07 million. Stericycle had a return on equity of 7.94% and a net margin of 1.37%. As a group, analysts forecast that Stericycle will post 2.29 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Stericycle

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Stericycle by 0.6% in the 4th quarter. Vanguard Group Inc. now owns 8,969,118 shares of the business services provider’s stock valued at $444,509,000 after buying an additional 52,576 shares during the period. GAMMA Investing LLC grew its position in Stericycle by 170.9% in the first quarter. GAMMA Investing LLC now owns 818 shares of the business services provider’s stock worth $43,000 after acquiring an additional 516 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Stericycle by 23.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 557,562 shares of the business services provider’s stock worth $29,411,000 after acquiring an additional 107,562 shares during the last quarter. State of Michigan Retirement System raised its position in Stericycle by 2.3% in the first quarter. State of Michigan Retirement System now owns 22,719 shares of the business services provider’s stock valued at $1,198,000 after purchasing an additional 500 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of Stericycle by 2.6% in the 1st quarter. Principal Financial Group Inc. now owns 348,324 shares of the business services provider’s stock valued at $18,374,000 after purchasing an additional 8,668 shares during the last quarter. 98.82% of the stock is currently owned by institutional investors and hedge funds.

Stericycle Company Profile

Stericycle, Inc, together with its subsidiaries, provides regulated waste and compliance services in the United States, Europe, and internationally. The company offers regulated waste and compliance services, including regulated medical waste, sharps waste management and disposal, pharmaceutical waste management and disposal, chemotherapy waste and disposal, controlled substance waste disposal, healthcare hazardous waste, and integrated waste stream solutions; specialty services, such as MedDrop medication collection kiosks, safe community solutions, SafeDrop sharps mailback solutions, and airport and maritime waste services; medical supply store services, that includes sharps and disposable biohazardous waste containers, infection control supplies, and seal&send medication mail back; and compliance solutions including Steri-Safe compliance solutions.